LONDON--(EON: Enhanced Online News)--Global procurement intelligence advisory firm, SpendEdge,
has announced the release of their ‘Plastic
Packaging Market Procurement Research Report.’ The insights and
data in this report provide a strategic analysis of the supply markets,
factors influencing purchasing decisions, procurement best practices,
pricing models, supplier landscape, and an analysis of the supplier
capability matrix for the packaging
and labeling industry. This report breaks down the data and
analysis behind the procurement of plastic packaging and acts as an
all-inclusive guide for making smart purchasing decisions.

“APAC is
considered as one of the key regions to achieve substantial growth,
owing to the growing demand from cosmetics, food and beverage, and
pharmaceutical industries”

“The increasing preference of end-user industries to attain
cost-advantages and the growth in the consumption of packaging products
are the factors influencing the growth of plastic packaging market,”
says SpendEdge procurement analyst Bhuvaneshwari Udayakumar. “APAC is
considered as one of the key regions to achieve substantial growth,
owing to the growing demand from cosmetics, food and beverage, and
pharmaceutical industries,” added Bhuvaneshwari.

Due to the frequent lifestyle changes, there has been a considerable
rise in the on-the-go consumers, who are preferring convenient and
small-sized products. This rise in the demand for small SKUs of products
will result in increased production.

Growing focus on anti-counterfeit packaging solutions

Over the last few years, the industry is experiencing a rise in the
anti-counterfeiting packaging solutions. These solutions will further
help the businesses mitigate counterfeiting and the duplication of
products.

Rise in suppliers' focus on biodegradability of plastic packages

In the plastic packaging industry, there has been a growing focus on
biodegradability in the packaging of the products. This rise in the
biodegradability of packaging materials will lead to low landfill wastes
and further helps the buyers comply with industry standards.